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new developments tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican aides tell mike emanuel there was a lot of detail about the new tax increases. $1.6 trillion in new tax increases from the new rate, capital gain, dividends as well. new spending, starting with $50 billion next year. the white house is countering that is leftover stuff from the president american jobs act. not really spending. nonetheless, the republican aides on the hill saying this is a nonstarter to them. white house aide i just spoke to said that this is not new. this is the president's original budget framework going to september of 2011. they say inside the white house tonight the real p
new developments tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican...
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Dec 4, 2012
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i'm certain if this is not good enough for the white house, we will go over the fiscal cliff. >> this is a compromise on taxes. this is a compromise on mandatory spending. and it's a compromise on discretionary spending over what the select committee had debated. >> i should mention that erskine bowles has put out a statement himself. while i'm flattered the speaker would call something the bowles plan. the outline in the letter the speaker sent to the president does not represent the bowles simpson plan, nor is it the bowles plan in my testimony on deficit reduction. i simply took the mid point of the public offers, put forward during the negotiations to demonstrate where i thought a deal could be reached at the time. he's very much backing away from speaker boehner's letter. the question i wanted to ask you is some of the details, as you know, it's all in. >> can we spin one more point on that? >> absolutely. >> here's speaker boehner who is taking a mid point on the compromise between the two sides and offered it, and it's already flatley rejected? >> i think he may be rejected, si
i'm certain if this is not good enough for the white house, we will go over the fiscal cliff. >> this is a compromise on taxes. this is a compromise on mandatory spending. and it's a compromise on discretionary spending over what the select committee had debated. >> i should mention that erskine bowles has put out a statement himself. while i'm flattered the speaker would call something the bowles plan. the outline in the letter the speaker sent to the president does not represent...
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got another 24 hours closer to the edge of the fiscal cliff which is why we have our eyes on the white house press briefing. got a live picture ready for you so we don't miss anything. for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first time in a week but apparently that's the headline. that's the editorial body. not much came out of it that we know of. sources say no real breakthrough. no formal negotiations. sessions are not scheduled. no back channel discussions taking place that anybody knows about at this time and as we wait for the white house briefing to begin, let's bring in wolf blitzer on this topic. there are a couple of polls that are very telling about how americans feel about congress and the president are behaving when it comes to the fiscal cliff. let me read some of these numbers for you. should obama compromise to get things done. 72% say yes. 22% say no. should the gop compromise to get things done. and take a look. 72% say yes. my question for you, wolf, i'm not sure you'll ha
got another 24 hours closer to the edge of the fiscal cliff which is why we have our eyes on the white house press briefing. got a live picture ready for you so we don't miss anything. for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first time in a week but apparently that's the headline. that's the editorial body. not much came out of it that we know of. sources say no real breakthrough. no formal...
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by telling cnbc the white house is prepared to go off the fiscal cliff, unless the republicans bend on taxes. comment by former democratic presidential candidate howard dean frightened republics that this debate is not just about raising taxes on the rich. >> the truth is, even needs to pay more taxes. not just the rich. that is a good start. we are not getting out of the deficit problem unless we raise taxes across the board and go back to what bill clinton have. >> some liberals pushed the president to raise the debt ceiling himself, claiming he has executive power through the 14th amendment. jay carney reveals today the white house studied that, does not believe the president has the power. that means we are headed for another major showdown with congress over the debt ceilin ceiling. >> bret: more with the panel. ed henry, thank you. republicans are losing one of the most conservative voices on capitol hill. south carolina senator jim demint surprised a lot of people today when he announced he is leaving the senate. but staying in washington to run the conservative heritage foundat
by telling cnbc the white house is prepared to go off the fiscal cliff, unless the republicans bend on taxes. comment by former democratic presidential candidate howard dean frightened republics that this debate is not just about raising taxes on the rich. >> the truth is, even needs to pay more taxes. not just the rich. that is a good start. we are not getting out of the deficit problem unless we raise taxes across the board and go back to what bill clinton have. >> some liberals...
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i'm certain if this is not good enough for the white house, we will go over the fiscal cliff because this is a compromise on taxes. this is a compromise on mandatory spending and it's a compromise on discretionary spending over what the select committee had debated. >> the details if we can and i should mention that erskine bowles put out a statement saying this -- does not represent the bowles-simpson plan, nor is it the bowles plan. in my testimony before the joint select committee on deficit reduction, i simply took the midpoint of the public offers to demonstrate where i thought a deal could be reached at the time. he's very much backing away from speaking boehner's letter, but the question i wanted the to ask you -- >> can we spend one more point on that? >> of course. >> what did he say? that was the midpoint of a compromise from the two. so, here's speaker boehner who is taking a new point on the compromise between the two sides and offered it and it's already flatly rejected? >> i think what he might be rejecting, sir, if i may -- >> no, i'm not talking abo about erskine bowl
i'm certain if this is not good enough for the white house, we will go over the fiscal cliff because this is a compromise on taxes. this is a compromise on mandatory spending and it's a compromise on discretionary spending over what the select committee had debated. >> the details if we can and i should mention that erskine bowles put out a statement saying this -- does not represent the bowles-simpson plan, nor is it the bowles plan. in my testimony before the joint select committee on...
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Nov 30, 2012
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for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless the white house and the republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica yellin is over at the white house for us tonight with new developments. jessica, what are the specifics of this offer tonight? >> reporter: hi, wolf. according to senior officials on both sides of the aisle, the president is asking for $1.6 trillion in new taxes. that includes raising taxes for families who make $250,000 or more. you'll recognize that as a pledge from his campaign. and it also includes limiting deductions and loopholes as well as other changes to capital gains and dividends taxes. well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they
for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless the white house and the republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica...
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republican reaction to the initial white house offer to resolve the fiscal cliff was anything but flattering. one republican called the offer an insult. both sides are digging in their heels on raising taxes on upper income earners. the white house proposal includes $1.6 trillion in taxes over a decade, 400 billion for medicare, 50 billion in stimulus spending and the end of congressional control over the debt ceiling. susan mcginnis is in washington with more. good morning to you. >> reporter: hey, terrell, good morning. the president's opening salvo there was not well received by republicans. they balked at his plan. he's taking his message to middle class americans at a factory that makes toys. it's a trip republicans are calling an irritant. president obama leaves the white house this morning to head to a toy factory in pennsylvania. he'll tell americans the fiscal cliff will cause holiday shopping to plummet. >> let's give a christmas present to the american people. >> reporter: but the mood here on capitol hill is anything but festive. both sides say the tax hikes and spending cuts due
republican reaction to the initial white house offer to resolve the fiscal cliff was anything but flattering. one republican called the offer an insult. both sides are digging in their heels on raising taxes on upper income earners. the white house proposal includes $1.6 trillion in taxes over a decade, 400 billion for medicare, 50 billion in stimulus spending and the end of congressional control over the debt ceiling. susan mcginnis is in washington with more. good morning to you. >>...
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cliff. the event is part of the white house's effort to cut public support to end the bush era tax cuts for incomes on $250,000 and above. it will be shown at noon eastern on c-span 3. >> washington worked his way up and went to harvard law school. he emigrated out west to the lead minee industry was in its heyday. he arrived by stagecoach, by train and arrived in this muddy mining town, boarded himself in a log cabin and slowly worked his way up and became a successful lawyer and got involved politically, ran for congress, search for 8 terms. he then befriended abraham lincoln, obviously from illinois, and ulysses s. grant, and as they were on the rise, he stayed with them as a close confidante and colleague during the civil war. after grant was elected president, he appointed washburn secretary of state. at that time, he became ill. his family feared for his life. after 10 days, he submitted his resignation to president grants. grant regretfully accepted his resignation. over the next seve
cliff. the event is part of the white house's effort to cut public support to end the bush era tax cuts for incomes on $250,000 and above. it will be shown at noon eastern on c-span 3. >> washington worked his way up and went to harvard law school. he emigrated out west to the lead minee industry was in its heyday. he arrived by stagecoach, by train and arrived in this muddy mining town, boarded himself in a log cabin and slowly worked his way up and became a successful lawyer and got...
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counteroffer to president obama's plan to keep us from falling over the fiscal cliff after the white house sent geithner to the hill last week outlining the democrats' plan which the republicans called "a joke." we are less than a month from going over the fiscal cliff and the term economists call the series of spending cuts and expiring tax breaks that will take effect the first of the year. that could cost millions of jobs and lead to a new recession. it is basically austerity on steroids. republicans with their counteroffer today again reject the president's plan if higher taxes on families earning more than $250,000 a year. wendell is live at the white house. if they reject that i don't know how far this will go. the president could blink but his eyes seem wide open. >>reporter: it is a nonstarter if they reject continuing the upper income tax cuts. the republicans say the plan cuts the deficits by $4.6 trillion based on the white house method of counting based on the recommendations of the president's deficit reduction commission but the president could disagree. the republicans
counteroffer to president obama's plan to keep us from falling over the fiscal cliff after the white house sent geithner to the hill last week outlining the democrats' plan which the republicans called "a joke." we are less than a month from going over the fiscal cliff and the term economists call the series of spending cuts and expiring tax breaks that will take effect the first of the year. that could cost millions of jobs and lead to a new recession. it is basically austerity on...
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ready for the fiscal cliff, possible layoffs, other issues, that shows we are getting closer and closer to this really becoming a reality, harris. >> ed henry, outside the white house. ed, thank you very much. for the first time, we are hearing something very tough to listen to. it is the desperate 911 call from javon belcher's own mother. the kansas city chief's nfl player who shot his girlfriend. surveillance video showed a mother allegedly sneaking her little daughter out of the hospital. doctors had warned the young leukemia patient had something in her heart that would kill her within days if they didn't deal with it. now word of a major development. what her father reportedly says about where that child is right now. stay close. same item at walmart f less? gee okay. fijit friends. fifteen bucks on rollback. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on brands you want. walmart. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announ
ready for the fiscal cliff, possible layoffs, other issues, that shows we are getting closer and closer to this really becoming a reality, harris. >> ed henry, outside the white house. ed, thank you very much. for the first time, we are hearing something very tough to listen to. it is the desperate 911 call from javon belcher's own mother. the kansas city chief's nfl player who shot his girlfriend. surveillance video showed a mother allegedly sneaking her little daughter out of the...
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that's the amount that would increase if, in fact, the country does go over the fiscal cliff. the white house points out that they have actually gotten more hits on that #my2k than they got during the payroll tax cut fight when they launched a similar effort. so they feel as though this is a good way to put the pressure on congress. but having said all of that, andrea, this really remains in a deadlock. house speaker john boehner saying the situation is in a stalemate today. >> and luke russert, you covered the hill. you have a feel for what eric cantor and kevin mccarthy and the speaker is saying. is this just shadow boxing between the two sides of pennsylvania avenue or is this a serious stalemate with only ten legislative gas dais to go. >> we knew november would be for saber rattling and december would be where the deal would be put together. this is more significant than just your typical squirmish, shall we say, between both sides. john boehner saying, quote, right now we're almost nowhere. republicans were very much offended that timothy geithner brought to them a deal
that's the amount that would increase if, in fact, the country does go over the fiscal cliff. the white house points out that they have actually gotten more hits on that #my2k than they got during the payroll tax cut fight when they launched a similar effort. so they feel as though this is a good way to put the pressure on congress. but having said all of that, andrea, this really remains in a deadlock. house speaker john boehner saying the situation is in a stalemate today. >> and luke...
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house proposal to avoid the fiscal cliff earlier in week "nonserious." >> i was flabbergasted. i lookedded a him like you can't be serious. i've just never seen anything like it. you know we have seven weeks between election day and the end of the year. three of those weeks have been wasted with this nonsense. >> reporter: here is what has the speaker flabbergasted. the white house would like to raise tax rates on top earners to where they were in the clinton administration, 39.6%. they would also like to raise $1.6 trillion with new taxes over the next decade, while cutting about $400 billion through entitlement reform. although, those cuts are not specific and not guaranteed. but the treasury secretary says the administration's plan is fiscally responsible and would prevent taxes from going up on 98% of americans. >> we think that is a very good set of proposals. we think it's good for the economy. if they have different suggestions they want to go further in some areas, then they should lay odds with us. >> reporter: secretary geithner said he cannot promise we will not go o
house proposal to avoid the fiscal cliff earlier in week "nonserious." >> i was flabbergasted. i lookedded a him like you can't be serious. i've just never seen anything like it. you know we have seven weeks between election day and the end of the year. three of those weeks have been wasted with this nonsense. >> reporter: here is what has the speaker flabbergasted. the white house would like to raise tax rates on top earners to where they were in the clinton...
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the white house fiscal cliff package. the white house's proposal to avoid the big tax hikes and spending cuts that are going to happen in january, unless something is done. that proposal has come under heavy criticism from republicans who say wasn't serious. how speaker john boehner said he was flabbergasted. mitch mcconnell reportedly laughed out loud and in this debate over reducing the debt, the president is pushing for an additional $255 billion in spending. he wants those higher taxes to spend more, which is leading to some criticism. joining me now is brad blakeman, the former deputy to george w. bush. and chairman of the south carolina democratic party. a deal that is all about the republicans desire to cut back on the debt and deficit -- why would the president be proposing $255 billion in war spending? >> well, he's not. what he is proposing is shifting spending priorities. after those cuts, shifting priorities, and by the way -- this is infrastructure development. this is to make sure that people who have gone t
the white house fiscal cliff package. the white house's proposal to avoid the big tax hikes and spending cuts that are going to happen in january, unless something is done. that proposal has come under heavy criticism from republicans who say wasn't serious. how speaker john boehner said he was flabbergasted. mitch mcconnell reportedly laughed out loud and in this debate over reducing the debt, the president is pushing for an additional $255 billion in spending. he wants those higher taxes to...
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this fiscal cliff thing, the problem with the republicans, larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate is because, come the fiscal cliff moment, that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> speaking as a reagan conservative, i must say i rather agree with you. probably shouldn't. but i do. i think divided government is very difficult. and there's some principles that speaker boehner is fighting for, with which i actually agree. but i think politically, the risk here for the gop, is they've become the party of rich people. and they give up the middle-class to the democrats. and i think you saw some of that in the presidential election. i don't think that's their intent. i think their tax reform intent is quite sound. but the way this is playing out, i think that's a big risk for them. >> they're becoming the party of rich, white, older men, is
this fiscal cliff thing, the problem with the republicans, larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate is because, come the fiscal cliff moment, that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> speaking as a reagan conservative, i must say i rather...
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he was asked flat out is the white house ready to go over the fiscal cliff and boom he says, absolutely, as if that is a good thing. i mean there are defense contractors who are going to be laying off workers, there are all kinds of negative ramifications to all of this. but the white house apparently is ready to take the jump. >> well, they are certainly ready to say it. the republicans have a weaker hand than i thought they would originally have about a couple months ago, but the idea that president obama wants to start his second term by plunging the country into a recession, a huge sell off in the stock market, and by being perceived as generally sort of willing to play chicken with the economy doesn't sound like a brilliant political move to me. jon: you think that's all talk? >> i think it's a game of chicken, i really do. i think that the republicans would probably get a lot of blame in the beginning, and that's maybe what they are thinking of and they are trying to scare the republicans, but over the long term there is just no way this administration wants to go overt fisca over
he was asked flat out is the white house ready to go over the fiscal cliff and boom he says, absolutely, as if that is a good thing. i mean there are defense contractors who are going to be laying off workers, there are all kinds of negative ramifications to all of this. but the white house apparently is ready to take the jump. >> well, they are certainly ready to say it. the republicans have a weaker hand than i thought they would originally have about a couple months ago, but the idea...
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cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. music i want some more. what's he doing? but he can't. look at him! it's just not done. please sir, i want some more. re? more? more? please sir. he has asked for... thank you. what? well he did say please... sir. yes he did. and thank you. yea. and thank you. he's a wonderful boy. (laughing) a do-lightful boy. please and thank you. pass it on. (crowd of children) thank you. ♪ lou: welcome back. we are talking about the disco cliff. we are going to turn to advance in the middle east and the united nations this week. judy miller, joe trip be, and rollins. i wanted just go back to the fiscal cliff just for a second. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i don't hear creative, imaginative, if you will, rhetoric or language or positioning or messaging. >> we have been for about three years now. so i think th
cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. music i want some more. what's he doing? but he can't. look at him! it's just not done. please sir, i want some more. re? more? more? please sir. he has asked for... thank you. what? well he did say please... sir. yes he did. and thank you. yea. and thank you. he's a wonderful boy. (laughing) a do-lightful boy. please and thank you. pass it on. (crowd of children) thank you. ♪ lou:...
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Nov 29, 2012
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cliff, and achieving t the balance the white house says it wants. i made clear we put real concessions on the line by putting revenues on the table right up front. unfortunately, many democrats continue to rule out sensible spending cuts that must be part of any significant agreement that will reduce our deficit. and mr. bowles himself said there is no serious discussion of spending cuts so far. and unless there is, there is a real danger of going off the fiscal cliff. listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to c
cliff, and achieving t the balance the white house says it wants. i made clear we put real concessions on the line by putting revenues on the table right up front. unfortunately, many democrats continue to rule out sensible spending cuts that must be part of any significant agreement that will reduce our deficit. and mr. bowles himself said there is no serious discussion of spending cuts so far. and unless there is, there is a real danger of going off the fiscal cliff. listen, going off the...
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cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core omy ptfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ lou: welcome back. we are talking about the disco cliff. we are going to turn to advance in the middle east and the united nations this week. judy miller, joe trip be, and rollins. i wanted just go back to the fiscal cliff just for a second. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but
cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core omy ptfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes...
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cliff if congress and the white house can't agree on a resolution. president obama and house speaker boehner took the fight to the podiums. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle-class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. that -- that doesn't make sense. >> it's not a serious proposal. and so, right now, we're almost nowhere. >> joining me now is nancy cook, budget and tax correspondent for national journal. welcome back, nice to see you. >> you, too. >> let's take a look at white house propose. $1.6 trillion in tax increases, $400 billion in savings. is that how this $1.6 trillion is going to be reached? >> the way the $1.6 trillion will be reached is primarily through the expiration of the bush-era tax cuts for the top 2% of taxpayers. then there would be some other increases in taxes on investment income, again for people above people making more than $250,000, and also some capping of deductions. so ther
cliff if congress and the white house can't agree on a resolution. president obama and house speaker boehner took the fight to the podiums. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle-class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. that -- that doesn't make sense. >> it's not a serious proposal. and so, right now, we're almost nowhere. >>...
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cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just momnts. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% mor.. [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. ♪ lou: welcome back. we are talking about the disco cliff. we are going to turn to advance in the middle east and the united nations this week. judy miller, joe trip be, and rollins. i wanted just go back to the fiscal ciff just for a second. that is, the republican messagin if you will. they have an opportunity here, it seems to me, as wel
cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just momnts. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% mor.. [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every...
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cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. atanasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. ♪ lou: welcome back. we are talking about the disco cliff. we are going to turn to advance in the middle east and the united nations this wee judy millr, joe trip be, and rollins. i wanted just go back to the fiscal cliff just for a scond. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i dn't hear creative, imaginative, if you will, rhetic or language or positioning or messaging. >> we have been for about three year
cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. atanasonic, we're driven to make what matters most better. just another way we're engineering a better...
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cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz y've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. ♪ lou: welcme back. we are talking about the disco cliff. we are going to turn to advance in the middle east and the united nations this week. judy miller, joe trip be, and rollins. i wanted just go back to the fiscal cliff just for a second. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i don't hear creative, imaginative, if you will, rhetoric or language or positioning or messaging. >> we have been for about three years now. so i think there's no
cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz y've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. ♪ lou: welcme back....
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cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. ♪ lou: welcome back. we are talking about the disco cliff. we are going to turn to advance in the middle east and the united nations this week. judy miller, joe trip be, and rollins. i wanted just go back to the fiscal cliff just for a second. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i don't hear creative, imaginative, if you will, rhetoric or language or positioning or messaging. >> we have been for about three years now. so i think there's no reason for it to start now. what house republicans have to understand is they are the republican party for the next four years and have to have messaging and basically tell the american public what they're doing and why they're doing it. they can't be for tax cuts, for spending cuts. they have to articulate how it fits in the big picture. there are some skilled peopl
cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. ♪ lou: welcome back. we are talking about the disco cliff. we are going to turn to advance in the middle east and the united nations this week. judy miller, joe trip be, and rollins. i wanted just go back to the fiscal cliff just for a second. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i don't hear creative,...
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fiscal cliff scenario to play out, wolf. but as you point out when we look back over the last three years, we've had these kinds of negotiations, it at times appears very optimistic that things will get done, then both sides very far apart. but in the final hours they get a deal done. that's the hope that despite the rhetoric what you're hearing now that this deal will happen before the end of the year. >> all right. we can only hope that there will be a compromise, this fiscal cliff will be avoided. dan lothian, thank you. not everyone seems to think it would be such a bad idea to actually go over the fiscal cliff. just one day after the treasury secretary said the white house is absolutely prepared to do just that under certain circumstances a leading economist is echoing those sentiments. >> i would not come up with a deal unless it's a really good deal before the end of the year. i would take it into next year if that means you're going to get a better deal. >> let's bring in our senior congressional correspondent dana b
fiscal cliff scenario to play out, wolf. but as you point out when we look back over the last three years, we've had these kinds of negotiations, it at times appears very optimistic that things will get done, then both sides very far apart. but in the final hours they get a deal done. that's the hope that despite the rhetoric what you're hearing now that this deal will happen before the end of the year. >> all right. we can only hope that there will be a compromise, this fiscal cliff will...
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cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. [ male announcer ] with over 50 delicious choices of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps blo stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ lou: welcome back. we are talking about the disco cliff. we are going to turn to advance inhe middle east and the united nations this week. judy miller, joe trip be, and rollins. i wanted just go back to the fiscal cliff just for a second. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i don't hear creative, imaginative, if you will, rhetoric or language or positioning or messaging. >> we h
cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. [ male announcer ] with over 50 delicious choices of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps blo stomach acid from splashing up- relieving the pain quickly....
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fiscal cliff as a three-part problem. part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs more money. president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not by raising tax rates. in fact, they want to lower tax rates for everyone. instead they'd raise money only by limits deductions and closing loopholes. speaker boehner says this will raise $800 billion over ten years. >> america faces a serious problem. our goal is to make sure it gets solved. >> step two, avoiding the drastic spending cuts that begin on january 1st, the so-called sequester. both sides want to find savings in medicare, but disagree about how to do it. >> we need a responsible white house. we can't sit here and negotiate with our
fiscal cliff as a three-part problem. part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs more money. president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not...
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Nov 30, 2012
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a campaign-style event to sort of drum up support for what the white house wants to do on fiscal cliff. you know, the president after he won re-election essentially said i know lots of you didn't vote for me. i've listened to you. i take your concerns to heart and we're going to move forward. does that apply to congressional republicans, kristen? does he hear what john boehner has to say? does he internalize it? do we hear something acknowledging republican resistance to what he laid out today in pennsylvania or not? >> reporter: well, i think he certainly is hearing and listening to john boehner, but he also believes that he has the upper hand having just won re-election and this trip to pennsylvania today is sort of a larger pr campaign that the president and the white house have been embarking on to get voters, to pressure congressional republicans to get onboard with the president's plan of increasing taxes on wealthier americans. he's traveling to pennsylvania today. he has had had business leaders here at the white house, also leaders of the progressive movement to sort of build
a campaign-style event to sort of drum up support for what the white house wants to do on fiscal cliff. you know, the president after he won re-election essentially said i know lots of you didn't vote for me. i've listened to you. i take your concerns to heart and we're going to move forward. does that apply to congressional republicans, kristen? does he hear what john boehner has to say? does he internalize it? do we hear something acknowledging republican resistance to what he laid out today...
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when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another week. >>reporter: he calls officials saying they are ready to go over the trip. >>shepard: democrats insist that revenue, revenue, revenue is the key. >>guest: president obama campaigned on it and obviously won and democrats insist upper income americans should pay higher taxes but there could be room to negotiate but their point is they don't want to talk about other aspects of a deal until the g.o.p. gives in on their demand for more tax money. >> what is lacking are the revenues. we cannot cut your way to deficit reduction. what reduces the deficit are jobs. job creation. after spending cuts, and medicare saving, and next is the revenue. >>reporter: leader pelosi spent time at the white house today meeting with president obama on what we are told are a number of issues. >>shepard: thank you, mike, from washington, dc. we know that business collects information from us when we go to our website our mobile apps. usually it is legal. there is a new law that requires companies to notif
when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another week. >>reporter: he calls officials saying they are ready to go over the trip. >>shepard: democrats insist that revenue, revenue, revenue is the key. >>guest: president obama campaigned on it and obviously won and democrats insist upper income americans should pay higher taxes but there could be room to negotiate but their point is they don't want to talk about other aspects...
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. >> reporter: scott, the first hard numbers from the white house to resolve the fiscal cliff crisis landed with a thud on capitol hill. congressional republicans called it an insulting joke. here's the big picture-- $4 trillion of deficit reduction over the next 10 years. it includes $1.6 trillion in higher taxes on households make manage more than $250,000. there's also $400 billion in cuts to entitlement programs, like medicaid and medicare, as well as others. there is also fresh new aending. $50 billion next year in stimulus spending, all for infrastructure. the white house calls this an opening bid. house republicans call it a rehash of old ideas and also object to the idea of a white house asking a permanent legislative remedy to raising the debt ceiling, all of it, the republicans say rather, is unacceptable. now much of this was conveyed in a 28-minute phone conversation yesterday between president obama and house speaker john boehner. both sides describe that conversation, scott, as direct and candid. those are words custom early reserved for diplomacy between sworn adversar
. >> reporter: scott, the first hard numbers from the white house to resolve the fiscal cliff crisis landed with a thud on capitol hill. congressional republicans called it an insulting joke. here's the big picture-- $4 trillion of deficit reduction over the next 10 years. it includes $1.6 trillion in higher taxes on households make manage more than $250,000. there's also $400 billion in cuts to entitlement programs, like medicaid and medicare, as well as others. there is also fresh new...
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Nov 29, 2012
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going over the fiscal cliff fiss serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as far as a down payment to get to a long-range solution on entitlements? >> there are a lot of options on the table, including that one. >> [indiscernible] you are acknowledging that there will. >> the day after the election, i came here and i made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolved. >> right, so my question is what message do you have for people who are in the negotiating position or believe that it is inevitable t
going over the fiscal cliff fiss serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >>...
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Nov 29, 2012
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cliff negotiations on capitol hill. >>> speaking of that fiscal cliff, both democrats and republicans right now still battling to try and find a compromise. top white house negotiate easy heading to capitol hill today to keep those talks going, trying to avoid that looming deadline. tracie potts has the latest on the fight to keep your tax breaks from vanishing. >> reporter: treasury secretary tim geithner and rob nabors bring the president's deficit-cutting plan to capitol hill today. >> i'm open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know if it includes the government spending less money. >> we put revenue on the table as long as it's accompanied by serious cuts. >> reporter: white house leaders are meeting with boehner and top republicans. at least one analyst thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful but don't put me down anywhere near optimistic. >> reporter: one conservative repub
cliff negotiations on capitol hill. >>> speaking of that fiscal cliff, both democrats and republicans right now still battling to try and find a compromise. top white house negotiate easy heading to capitol hill today to keep those talks going, trying to avoid that looming deadline. tracie potts has the latest on the fight to keep your tax breaks from vanishing. >> reporter: treasury secretary tim geithner and rob nabors bring the president's deficit-cutting plan to capitol hill...
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. >>> the white house has just responded to the new fiscal cliff offer from house republicans. let's bring in our chief white house correspondent jessica yellin. jessica, how's the response? >> reporter: hi, wolf. it should not be a surprise that the white house is dismissing the house republicans' offer as an unserious offer because it does not address a raise in tax rates. here's a statement from dan pfeiffer, the communications director here at the white house. he says in a statement in part, quote, the republican letter released today does not meet the test of balance. in fact, it actually promises to lower tax rates for the wealthy and sticks the middle class with the bill. the republicans' plan includes nothing new and provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve. he goes on to say, until the republicans in congress are willing to get serious about asking the wealthiest to pay slightly higher tax rates, we won't be able to achieve a significant, balanced approach to reduce our de
. >>> the white house has just responded to the new fiscal cliff offer from house republicans. let's bring in our chief white house correspondent jessica yellin. jessica, how's the response? >> reporter: hi, wolf. it should not be a surprise that the white house is dismissing the house republicans' offer as an unserious offer because it does not address a raise in tax rates. here's a statement from dan pfeiffer, the communications director here at the white house. he says in a...
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-- without this fiscal cliff situation being resolved, it doesn't give the certainty that not only businesses need to start making investments, to hiring more people, but also middle class americans can't get that comfort that they need to know that their taxes won't go up at the end of the year. and so that's sort of the message that the president is bringing to these business leaders today. but in addition to that, trying to put pressure on them to support his approach, which is those upper income americans need to pay more, ashleigh. >> here is another critical movement. i don't know how critical it is but to me is seemed critical. the president in the bloomberg interview, which is the first interview since the election, it seemed that perhaps he was prepped to make an overture on the insistence to raise tacks on the top 2%. did i hear wrong or read it wrong? that this demand is a temporary demand? >> reporter: yes, it does seem like there's a little wriggle room. jay carney was asked about this and didn't want to get nailed down. the answer that you get from jay carney is he doesn't want
-- without this fiscal cliff situation being resolved, it doesn't give the certainty that not only businesses need to start making investments, to hiring more people, but also middle class americans can't get that comfort that they need to know that their taxes won't go up at the end of the year. and so that's sort of the message that the president is bringing to these business leaders today. but in addition to that, trying to put pressure on them to support his approach, which is those upper...
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. >> the president has warned us about going over the fiscal cliff. his actions have not matched his public statements. members of his own party some quite comfortable with the sending his party over the fiscal cliff. two 6 ago had a comfortable conversation and the white house. i would say two thanks. despite declines the president supports a balanced approach, the democrats have it to its various a barrel spending cuts. secondly, no progress has been made in the talks over the last a of weeks. this is not a game. jobs are on the line. the american economy is on the line. this is a moment for american leadership. it is the way ticket it done until washington. a mature0 lead and a had a meeting with his secretary. it was frank and d -- it was frank and direct. we saw to find out what the president is really willing to do. i remain hopeful that productive conversations can be made it into the it is ahead. elicited a leadership team met with a risk in bull's and leadership is above the business approach the warehouse as an annoyance. i have made clear t
. >> the president has warned us about going over the fiscal cliff. his actions have not matched his public statements. members of his own party some quite comfortable with the sending his party over the fiscal cliff. two 6 ago had a comfortable conversation and the white house. i would say two thanks. despite declines the president supports a balanced approach, the democrats have it to its various a barrel spending cuts. secondly, no progress has been made in the talks over the last a of...
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about the fiscal cliff negotiations." but, scott, that's exactly what republicans were saying about the president on friday. >> pelley: wyatt, thank you. the president has not decided whether to order an end to a strike that has crippled traffic at the nation's two busiest seaports. the ports of los angeles and long beach shut down after a few dozen clerical workers walked off the job and dock workers refused to cross their picket line. bill whitaker has the latest. >> reporter: 11 huge cargo ships are stuck offshore, piled high with containers of food, toys, lumber. 14 others sit untouched at the docks. >> if you guys could start handing the fliers out. >> reporter: transporters, wholesalers and retailers are growing angst. ingrid lazcano, owner of andean dream, imports quinoa, popular right now in the u.s. her last shipment was diverted to mexico, another was diverted to chile. >> we have about $400,000 worth of merchandise at stake and our factory workers in bolivia can't make new merchandise until we figure out how we
about the fiscal cliff negotiations." but, scott, that's exactly what republicans were saying about the president on friday. >> pelley: wyatt, thank you. the president has not decided whether to order an end to a strike that has crippled traffic at the nation's two busiest seaports. the ports of los angeles and long beach shut down after a few dozen clerical workers walked off the job and dock workers refused to cross their picket line. bill whitaker has the latest. >>...
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it is a republican compromise solution to the impending fiscal cliff. spending cut and tax increases that both sides mean would mean recession. after what both sides called a frustrating weekend. today's development don't appear to break a log jam. not yet. ed henry begins our coverage. >> reporter: good evening. they are saying the plan is ridiculous, so much so they will not offer counterproposal to the g.o.p. counterproposal and say tonight unless speaker boehner gives in on raising taxes on the rich, the president is ready to go off the cliff. >> right now i'd say we are nowhere, period. nowhere. >> john boehner declaring a stalemate in an exclusive with fox, as republicans teed off on president obama first offer that included new spending plus 1.6 trillion in tax hikes. totally unacceptable. >> i think we are going over the cliff. it's clear to me they made political calculation. white house officials insisted disaster could be amended and demanded a counter offer on the table. >> what we hope for is specificity from the republicans. >> an hour lat
it is a republican compromise solution to the impending fiscal cliff. spending cut and tax increases that both sides mean would mean recession. after what both sides called a frustrating weekend. today's development don't appear to break a log jam. not yet. ed henry begins our coverage. >> reporter: good evening. they are saying the plan is ridiculous, so much so they will not offer counterproposal to the g.o.p. counterproposal and say tonight unless speaker boehner gives in on raising...
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edges steadily closer to the fiscal cliff, there are high level talks between the white house and congress. can they cut a deal in time? as mexico's bloody drug wars claim another high profile victim can a new leader end the violence. i'll speak exclusively with mexico's new president. and it was hidden away for decades. we'll take the wraps off a long secret u.s. plan to explode a nuclear bomb on the moon. we want to welcome our viewers in the united states and around the world. i'm wolf blitzer and you're in the situation room. >>> we begin with huge confrontations shaping up between president obama and republicans involving the most important decisions the president needs to make in his second term. >> we're now a month away from the so called fiscal cliff. a drastic combination of mandatory spending cuts and tax hikes that could plunge the united states back into a recession. while there are plenty of hard w0rds from both sides, some terms of a possible zeal are making the rounds. kate bolduan has been following the back and fourth. >> don't get too excited about that, there's only one
edges steadily closer to the fiscal cliff, there are high level talks between the white house and congress. can they cut a deal in time? as mexico's bloody drug wars claim another high profile victim can a new leader end the violence. i'll speak exclusively with mexico's new president. and it was hidden away for decades. we'll take the wraps off a long secret u.s. plan to explode a nuclear bomb on the moon. we want to welcome our viewers in the united states and around the world. i'm wolf...